Comprehensive Stock Comparison
Compare MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) vs The Goldman Sachs Group, Inc. (GS) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | GS | 17.0% revenue growth vs MIAX's 9.5% |
| Value | GS | Lower P/E (14.7x vs 31.0x) |
| Quality / Margins | GS | 11.3% net margin vs MIAX's 9.0% |
| Stability / Safety | MIAX | Beta 0.35 vs GS's 1.36, lower leverage |
| Dividends | GS | 1.6% yield; 12-year raise streak; MIAX pays no meaningful dividend |
| Momentum (1Y) | GS | +40.4% vs MIAX's +38.6% |
| Efficiency (ROA) | GS | 0.9% ROA vs MIAX's -7.9%, ROIC 1.9% vs -0.6% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Miami International Holdings operates a network of electronic exchanges for options, futures, and equities trading. It generates revenue primarily from transaction fees — including exchange, clearing, and market data fees — across its various market segments. The company's competitive advantage lies in its multi-asset exchange ecosystem, which creates network effects and cross-selling opportunities among its interconnected trading venues.
Goldman Sachs is a global investment bank and financial services firm that provides investment banking, securities, and investment management services to corporations, governments, and high-net-worth individuals. It generates revenue primarily through investment banking fees (20-25%), trading and market-making in its Global Markets segment (40-45%), and asset management fees from its wealth and investment management divisions (30-35%). The firm's key competitive advantage lies in its elite brand reputation, deep client relationships with the world's largest corporations and governments, and its sophisticated risk management capabilities honed over decades.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
GS leads in 4 of 6 categories — strongest in Financial Metrics and Valuation Metrics. 1 category is tied.
Financial Metrics (TTM)
GS is the larger business by revenue, generating $126.9B annually — 111.3x MIAX's $1.1B. Profitability is closely matched — net margins range from 11.3% (GS) to 9.0% (MIAX).
| Metric | MIAXMIAMI INTERNATION… | GSThe Goldman Sachs… |
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $126.9B |
| EBITDAEarnings before interest/tax | $84M | $23.4B |
| Net IncomeAfter-tax profit | -$97M | $16.7B |
| Free Cash FlowCash after capex | $129M | $15.8B |
| Gross MarginGross profit ÷ Revenue | +24.2% | +41.1% |
| Operating MarginEBIT ÷ Revenue | -0.2% | +14.5% |
| Net MarginNet income ÷ Revenue | +9.0% | +11.3% |
| FCF MarginFCF ÷ Revenue | +6.4% | -12.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -35.2% | +45.8% |
Valuation Metrics
At 21.2x trailing earnings, GS trades at a 36% valuation discount to MIAX's 33.0x P/E. On an enterprise value basis, GS's 33.8x EV/EBITDA is more attractive than MIAX's 180.2x.
| Metric | MIAXMIAMI INTERNATION… | GSThe Goldman Sachs… |
|---|---|---|
| Market CapShares × price | $3.8B | $267.0B |
| Enterprise ValueMkt cap + debt − cash | $3.7B | $701.9B |
| Trailing P/EPrice ÷ TTM EPS | 33.02x | 21.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 30.97x | 14.73x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.51x |
| EV / EBITDAEnterprise value multiple | 180.16x | 33.76x |
| Price / SalesMarket cap ÷ Revenue | 3.34x | 2.10x |
| Price / BookPrice ÷ Book value/share | 9.21x | 2.35x |
| Price / FCFMarket cap ÷ FCF | 52.58x | — |
Profitability & Efficiency
GS delivers a 12.6% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $-12 for MIAX. MIAX carries lower financial leverage with a 0.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to GS's 5.06x. On the Piotroski fundamental quality scale (0–9), MIAX scores 8/9 vs GS's 4/9, reflecting strong financial health.
| Metric | MIAXMIAMI INTERNATION… | GSThe Goldman Sachs… |
|---|---|---|
| ROE (TTM)Return on equity | -11.7% | +12.6% |
| ROA (TTM)Return on assets | -7.9% | +0.9% |
| ROICReturn on invested capital | -0.6% | +1.9% |
| ROCEReturn on capital employed | -0.7% | +3.6% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 4 |
| Debt / EquityFinancial leverage | 0.12x | 5.06x |
| Net DebtTotal debt minus cash | -$107M | $434.8B |
| Cash & Equiv.Liquid assets | $150M | $182.1B |
| Total DebtShort + long-term debt | $44M | $616.9B |
| Interest CoverageEBIT ÷ Interest expense | -4.03x | 0.31x |
Total Returns (with DRIP)
A $10,000 investment in GS five years ago would be worth $27,615 today (with dividends reinvested), compared to $13,858 for MIAX. Over the past 12 months, GS leads with a +40.4% total return vs MIAX's +38.6%. The 3-year compound annual growth rate (CAGR) favors GS at 36.6% vs MIAX's 11.5% — a key indicator of consistent wealth creation.
| Metric | MIAXMIAMI INTERNATION… | GSThe Goldman Sachs… |
|---|---|---|
| YTD ReturnYear-to-date | -2.4% | -6.0% |
| 1-Year ReturnPast 12 months | +38.6% | +40.4% |
| 3-Year ReturnCumulative with dividends | +38.6% | +154.7% |
| 5-Year ReturnCumulative with dividends | +38.6% | +176.1% |
| 10-Year ReturnCumulative with dividends | +38.6% | +521.2% |
| CAGR (3Y)Annualised 3-year return | +11.5% | +36.6% |
Risk & Volatility
MIAX is the less volatile stock with a 0.35 beta — it tends to amplify market swings less than GS's 1.36 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GS currently trades 87.3% from its 52-week high vs MIAX's 82.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MIAXMIAMI INTERNATION… | GSThe Goldman Sachs… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.35x | 1.36x |
| 52-Week HighHighest price in past year | $51.38 | $984.70 |
| 52-Week LowLowest price in past year | $28.63 | $439.38 |
| % of 52W HighCurrent price vs 52-week peak | +82.9% | +87.3% |
| RSI (14)Momentum oscillator 0–100 | 51.6 | 52.2 |
| Avg Volume (50D)Average daily shares traded | 924K | 2.0M |
Analyst Outlook
Wall Street rates MIAX as "Buy" and GS as "Hold". Consensus price targets imply 17.4% upside for MIAX (target: $50) vs 8.6% for GS (target: $934). GS is the only dividend payer here at 1.57% yield — a key consideration for income-focused portfolios.
| Metric | MIAXMIAMI INTERNATION… | GSThe Goldman Sachs… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $50.00 | $933.67 |
| # AnalystsCovering analysts | 5 | 54 |
| Dividend YieldAnnual dividend ÷ price | — | +1.6% |
| Dividend StreakConsecutive years of raises | — | 12 |
| Dividend / ShareAnnual DPS | — | $13.48 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +3.8% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| MIAMI INTERNATIONAL… (MIAX) | $452M | $1.1B | +152.0% |
| The Goldman Sachs G… (GS) | $39.2B | $126.9B | +223.8% |
The Goldman Sachs Group, Inc.'s revenue grew from $39.2B (2015) to $126.9B (2024) — a 13.9% CAGR.
Chart 2Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| MIAMI INTERNATIONAL… (MIAX) | -7.0% | 9.0% | +227.1% |
| The Goldman Sachs G… (GS) | 15.5% | 11.3% | -27.5% |
The Goldman Sachs Group, Inc.'s net margin went from 16% (2015) to 11% (2024).
Chart 3P/E Ratio History — 8 Years
| Stock | 2017 | 2024 | Change |
|---|---|---|---|
| The Goldman Sachs G… (GS) | 28.3 | 14.1 | -50.2% |
The Goldman Sachs Group, Inc. has traded in a 6x–28x P/E range over 8 years; current trailing P/E is ~21x.
Chart 4EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| MIAMI INTERNATIONAL… (MIAX) | -0.4 | 1.29 | +422.5% |
| The Goldman Sachs G… (GS) | 12.14 | 40.54 | +233.9% |
The Goldman Sachs Group, Inc.'s EPS grew from $12.14 (2015) to $40.54 (2024) — a 14% CAGR.
Chart 5Free Cash Flow — 5 Years
MIAMI INTERNATIONAL HOLDINGS, INC. generated $72M FCF in 2024 (+1074% vs 2021). The Goldman Sachs Group, Inc. generated $-15B FCF in 2024 (-1038% vs 2021).
MIAX vs GS: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is MIAX or GS a better buy right now?
The Goldman Sachs Group, Inc. (GS) offers the better valuation at 21.2x trailing P/E (14.7x forward), making it the more compelling value choice. Analysts rate MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MIAX or GS?
On trailing P/E, The Goldman Sachs Group, Inc. (GS) is the cheapest at 21.2x versus MIAMI INTERNATIONAL HOLDINGS, INC. at 33.0x. On forward P/E, The Goldman Sachs Group, Inc. is actually cheaper at 14.7x.
03Which is the better long-term investment — MIAX or GS?
Over the past 5 years, The Goldman Sachs Group, Inc. (GS) delivered a total return of +176.1%, compared to +38.6% for MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX). A $10,000 investment in GS five years ago would be worth approximately $28K today (assuming dividends reinvested). Over 10 years, the gap is even starker: GS returned +521.2% versus MIAX's +38.6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MIAX or GS?
By beta (market sensitivity over 5 years), MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) is the lower-risk stock at 0.35β versus The Goldman Sachs Group, Inc.'s 1.36β — meaning GS is approximately 291% more volatile than MIAX relative to the S&P 500. On balance sheet safety, MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) carries a lower debt/equity ratio of 12% versus 5% for The Goldman Sachs Group, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — MIAX or GS?
The Goldman Sachs Group, Inc. (GS) is the more profitable company, earning 11.3% net margin versus 9.0% for MIAMI INTERNATIONAL HOLDINGS, INC. — meaning it keeps 11.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GS leads at 14.5% versus -0.2% for MIAX. At the gross margin level — before operating expenses — GS leads at 41.1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is MIAX or GS more undervalued right now?
On forward earnings alone, The Goldman Sachs Group, Inc. (GS) trades at 14.7x forward P/E versus 31.0x for MIAMI INTERNATIONAL HOLDINGS, INC. — 16.2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MIAX: 17.4% to $50.00.
07Which pays a better dividend — MIAX or GS?
In this comparison, GS (1.6% yield) pays a dividend. MIAX does not pay a meaningful dividend and should not be held primarily for income.
08Is MIAX or GS better for a retirement portfolio?
For long-horizon retirement investors, MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.35)). Both have compounded well over 10 years (MIAX: +38.6%, GS: +521.2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between MIAX and GS?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. GS pays a dividend while MIAX does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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